Analysis: RBI okays Rs 1.76 lakh crore surplus transfer to govt

Accepting the recommendations of the Bimal Jalan committee, the Reserve Bank (RBI) board has approved the transfer of record Rs 1.76 lakh crore dividend and surplus reserves to the government, boosting Modi regime's prospect to stimulate the slowing economy without widening fiscal deficit. ET's Saubhik Chakrabarti shares his views on the decision and its impact on the economy. (Text: PTI)